SPHERES: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SPHERES
Largest movements
- Current investments +€28,142
up €28,142 (+140.5%), from €20,029 to €48,170
- Tangible fixed assets -€12,611
down €12,611 (-18.9%), from €66,896 to €54,285
- Receivables within one year -€2,342
down €2,342 (-25.0%), from €9,365 to €7,024
of which Other amounts receivable: -€2,690
- Reserves +€15,693
up €15,693 (+17.9%), from €87,662 to €103,355
of which Distributable reserves: +€22,895
- Other debts -€3,435
down €3,435 (-59.9%), from €5,731 to €2,296
- Purchases and services -€30,659
down €30,659 (-87.6%), from €34,997 to €4,338
- Staff costs +€26,000
up €26,000 (+1656.1%), from €1,570 to €27,570
- Gross operating margin +€20,831
up €20,831 (+47.2%), from €44,139 to €64,970
- Depreciation +€12,041
up €12,041 (+908.8%), from €1,325 to €13,366
- Turnover +€2,473
up €2,473 (+3.7%), from €66,595 to €69,068
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,078 | €111,228 | +€12,150 | +12.3% |
| Fixed assets | 21/28 | €66,896 | €54,285 | -€12,611 | -18.9% |
| Tangible fixed assets | 22/27 | €66,896 | €54,285 | -€12,611 | -18.9% |
| Furniture and vehicles | 24 | €66,896 | €54,285 | -€12,611 | -18.9% |
| Current assets | 29/58 | €32,183 | €56,943 | +€24,760 | +76.9% |
| Amounts receivable within one year | 40/41 | €9,365 | €7,024 | -€2,342 | -25.0% |
| Trade receivables | 40 | €6,639 | €6,986 | +€348 | +5.2% |
| Other amounts receivable | 41 | €2,727 | €37 | -€2,690 | -98.6% |
| Current investments | 50/53 | €20,029 | €48,170 | +€28,142 | +140.5% |
| Cash at bank and in hand | 54/58 | €1,958 | €1,749 | -€208 | -10.6% |
| Deferred charges and accrued income | 490/1 | €831 | - | -€831 | |
| Total equity and liabilities | 10/49 | €99,078 | €111,228 | +€12,150 | +12.3% |
| Equity | 10/15 | €90,088 | €105,826 | +€15,739 | +17.5% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €87,662 | €103,355 | +€15,693 | +17.9% |
| Tax-exempt reserves | 132 | €12,147 | €4,945 | -€7,202 | -59.3% |
| Distributable reserves | 133 | €75,515 | €98,410 | +€22,895 | +30.3% |
| Profit (loss) carried forward | 14 | €26 | €71 | +€46 | +176.8% |
| Amounts payable | 17/49 | €8,991 | €5,402 | -€3,589 | -39.9% |
| Amounts payable within one year | 42/48 | €8,991 | €5,402 | -€3,589 | -39.9% |
| Trade debts | 44 | €187 | €17 | -€170 | -91.0% |
| Suppliers | 440/4 | €187 | €17 | -€170 | -91.0% |
| Taxes, remuneration and social security | 45 | €3,073 | €3,090 | +€16 | +0.5% |
| Taxes | 450/3 | €3,073 | €3,090 | +€16 | +0.5% |
| Other amounts payable | 47/48 | €5,731 | €2,296 | -€3,435 | -59.9% |
| Turnover | 70 | €66,595 | €69,068 | +€2,473 | +3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,997 | €4,338 | -€30,659 | -87.6% |
| Remuneration, social security and pensions | 62 | €1,570 | €27,570 | +€26,000 | +1656.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €13,366 | +€12,041 | +908.8% |
| Other operating charges | 640/8 | €757 | €441 | -€316 | -41.8% |
| Non-recurring operating charges | 66A | - | €313 | +€313 | |
| Gross operating margin | 9900 | €44,139 | €64,970 | +€20,831 | +47.2% |
| Operating profit (loss) | 9901 | €40,488 | €23,280 | -€17,207 | -42.5% |
| Financial income | 75/76B | €1,613 | €244 | -€1,369 | -84.9% |
| Recurring financial income | 75 | €1,613 | €244 | -€1,369 | -84.9% |
| Financial charges | 65/66B | €282 | €6 | -€276 | -97.8% |
| Recurring financial charges | 65 | €68 | €6 | -€62 | -90.7% |
| Non-recurring financial charges | 66B | €214 | - | -€214 | |
| Profit (loss) for the period before taxes | 9903 | €41,818 | €23,518 | -€18,300 | -43.8% |
| Income taxes | 67/77 | €7,845 | €7,239 | -€606 | -7.7% |
| Profit (loss) for the period | 9904 | €33,973 | €16,279 | -€17,694 | -52.1% |
| Transfer from tax-exempt reserves | 789 | €206 | €1,256 | +€1,051 | +510.3% |
| Transfer to tax-exempt reserves | 689 | €12,353 | - | -€12,353 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,826 | €17,536 | -€4,291 | -19.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.